BRIDGING
LOANS
Where speed meets service
Why Choose a Bridging Loan?
A short-term loan that has a maximum term of up to 24 months, a bridging loan provides your client with the finance they need quickly and efficiently. At MT Finance, we offer regulated bridging loans to homeowners and unregulated bridging loans to landlords and investors. Lending decisions are often made within hours of an initial enquiry, and funds can be released in a matter of days.
PRODUCTs
Investment Purchase
Whether it’s preventing a chain break or simply needing to move quickly, our bridging loans ensure your clients don’t miss out on any potential opportunities. First and second-charge loans are available at up to 70% LTV on residential, commercial and semi-commercial assets.
Light Refurb
Designed for landlords, investors and homeowners, our light refurb bridging loans give your clients fast access to the funds they need to undertake works. We lend against residential, commercial and semi-commercial assets.
Heavy Refurb
Designed to provide landlords and investors with the funds they need to carry out structural works. 100% of build costs are available and further draw-downs can be accessed as the works progress. First charge loans are available from £50,000 to £500,000 at up to 65% LTV.
Second Charges
A second-charge bridging loan is a useful tool for landlords, investors and homeowners who are looking to raise capital. With a focus on speed and flexibility, we lend against residential and semi-commercial properties at up to 65% LTV.
Investment Purchase
Whether it’s preventing a chain break, purchasing a property via auction or simply needing to move quickly, our investment purchase bridging loans ensure your clients don’t miss out on any investment opportunities. First and second charge loans are available from £50,000 at up to 70% LTV on residential, commercial and semi-commercial assets. AVMs can further speed up transactions and can be used on standard residential properties up to 65% LTV and a maximum property value of £750,000.
Light
Refurb
A light refurb can not only transform a property but it can also add value to it. Designed for landlords, investors and homeowners, our light refurb bridging loans give your clients fast access to the funds they need to undertake works. Loans begin from £50,000 for first and second charges at up to 70% LTV and we lend against residential, commercial and semi-commercial assets.
Heavy Refurb
Designed to provide landlords and investors with the funds they need to carry out structural works, our heavy refurb bridging loans have been created with your clients in mind. 100% of build costs are available and further draw-downs can be accessed as the works progress. Each request for further funds will be based on the property’s increased value, allowing for a greater loan amount. First charge loans are available from £50,000 to £500,000 at up to 65% LTV.
Second Charges
A way of unlocking equity without disturbing a current mortgage, a second charge bridging loan is a useful tool for landlords, investors and homeowners who are looking to raise capital. With a focus on speed and flexibility, we lend against residential and semi-commercial properties at up to 65% LTV. Investors and landlords can also secure against their main residential property, as long as the loan is used for business purposes.
Intermediary resources
Eligibility Calculators
Short on time? Use our calculators below to find out if your clients qualify for one of our bridging loans.
FIND YOUR BDM
Our regional BDMs are here to help you. Their experience and expertise ensures that you receive the support you need throughout the application process, from the initial discussion to completion.
FAQs
Find out more about our mortgages via our FAQs. If you still have questions that need answering then get in touch with us via the link below.
A bridging loan can be used for a wide variety of purposes including purchasing a property (including via auction), preventing a chain break, releasing equity and funding a refurb.
We secure against residential properties, commercial properties or mixed-use assets. We do not lend against land, care homes, places of worship, schools, trading pubs and hotels or property that is not based in England or Wales.
At MT Finance, our processes are designed to provide finance quickly. Terms can be agreed within hours and, depending on your client’s circumstance, funds can be released in a matter of days.
A bridging loan from MT Finance ranges from a minimum of one month to a maximum of 12 months for regulated bridging and 24 months for unregulated bridging. After one month, there are no fees or early repayment charges for repaying the loan before the end of the term.
Yes, we will lend to first-time investors
Yes, we will lend up to a maximum of 70% LTV of the open market value or 90% of the undervalue purchase price, whichever is the lower figure.
We will take a view on a loan request, even if the applicant has a bad or adverse credit history, has previous CCJs or is in arrears. Additionally, no personal guarantors are required and no credit scoring will take place. Instead, we will focus on the security asset and the applicant’s exit strategy.
- Valuation fee: This covers the surveyor’s costs for carrying out the property valuation
- Arrangement fee: The cost of setting up the loan, usually around 2% of the loan
- Administration fee: The cost of our administration of the loan
- Legal fee: This is usually charged at a set rate and covers the legal fees associated with the completion of the loan
There are no other up-front fees, exit fees or early repayment charges.
No, we do not charge any exit fees. Our loans are subject to a minimum one-month term, after which your client may repay the loan early or make lump sum payments without incurring any fees.
In order to provide your client with indicative terms, we will require the information found on our enquiry form, including loan type and amount required.
Yes. We do not charge early redemption fees after the initial one-month term has lapsed.
A first legal charge is a principal loan on a property. In the case of first legal charges, the lender takes precedence above all others; being the principal lender of the loan. MT Finance can provide first charge loans on properties where the client and/or any family member do not live or intend to live.
A second legal charge is secured against a property that already has a loan or mortgage outstanding. Second charge loans require consent from a first charge lender. For unregulated bridging loans, MT Finance can provide a second legal charge on a residential property where your client or their family members live if it is for business purposes.
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